EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten
Solar-Fabrik AG sells Wafer Preparation Division
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Contracts
06.08.2009
Freiburg, August 6, 2009 - Effective August 6, 2009, Solar-Fabrik AG has sold its 80 percent holding in Solar-Fabrik Silicon Services Ltd. (SFSS), which itself holds 100 percent of the shares in Poseidon Solar Services Pte. Ltd.. Solar-Fabrik has thus left the field of wafer preparation to focus all of its attention on its core business of solar power modules and systems. The business prospects for the Wafer Preparation Division continued to worsen over the past three quarters. At present, there is a surplus supply of silicon; as a result, recovered silicon is no longer in demand. In the interim financial report for Q2 2009, 3.850 million euros have therefore been written off of the Group's assets from this sale. In return, Solar-Fabrik AG has received cash in the amount of around 900,000 euros from the sale.
end of announcement euro adhoc
Further inquiry note:
Investor Relations
Tel.: +49 (0)761 - 4000 0
E-Mail: investor@solar-fabrik.de
Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade